/ 6 November 2000

SEXWALE IN THE HOT SEAT

TOKYO Sexwale, former ANC premier of Gauteng turned businessman, has been named chairman of platinum producer Northam Platinum Ltd following the retirement of Alan Wright. The move was widely expected after Sexwale’s Mvelaphanda Platinum (Pty) Ltd (Mvela) took a controlling 22.5% stake in Northam on August 29 in an empowerment deal worth around R530m involving Anglo American Platinum Corporation (Angloplat), the world’s biggest platinum producer, and diversified industrial group Rembrandt Group Ltd. Before entering into business Sexwale served as a political prisoner for 13 years on Robben Island.